In 1882, in New York City, Peter McGuire and Matthew Maguire put together the first Labor Day parade with 10,000 workers protesting the unfair working conditions. This holiday now celebrates the American labor movement and everything that workers contribute toward the prosperity, well-being, and strength of the United States of America. Continue reading “The Numbers Behind the “Unofficial End of Summer””
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As a follow-up to our blog post from July 27, 2016 entitled The Perils of Investing In Leveraged Funds, we wanted to illustrate what has happened with two popular leveraged commodities ETFs. Continue reading “The Perils of Investing in Leveraged ETFs — Illustrated”
On September 4, 2016 Raghuram Rajan, Governor of India’s Reserve Bank (RBI), will step down from his post and be replaced by Urjit Patel. While Mr. Rajan’s term has been marred by partisan disputes and political differences, his contributions in stabilizing India’s economy cannot and should not be understated or forgotten. Continue reading “Continuity For India’s Central Bank”
*Taxes may be applicable
Winning an Olympic medal is an amazing accomplishment that deserves to be rewarded. The US Olympic Committee prize money for winning an Olympic gold medal is $25,000, $15,000 for silver, and $10,000 for bronze. Many countries do not award their medal winners, and if they do, the amounts are often less (though some are higher, such as Brazil). What may seem surprising is that with those thousands of dollars in prize money earned, comes a hefty tax bill, depending on the athlete’s income tax bracket. If a US Olympian is in the highest tax bracket (39.6%), then they will owe $9,900 in income taxes on his or her gold medal. This amount drops to $6,250 if the gold medal winner is in the 25% tax bracket.
An interesting piece recently put together by Ric Marshall & Linda-Eling Lee from MSCI Inc. answers this very important question for shareholders. The duo studied over 400 large U.S. corporations over a ten-year period, between 2006 and 2015, and concluded that higher pay Continue reading “Do The Highest-Paid CEOs Deliver The Highest Returns For Investors?”
Labor Day Weekend is just a few weeks away, which means there is still plenty of time to go on a last minute, wallet friendly summer vacation. With several planning resources available, you will see that time is not of the essence when it comes to vacation planning.
According to the National Retail Federation, families in America spent an average of $630.36 per child on back-to-school needs like electronics, clothing, and school supplies in 2015. That’s 42% more than families spent a decade ago! With costs increasing, follow these 4 easy tips to graduate this year’s back-to-school shopping season with an A+.